Financial Literacy Sponsored by JPMorganChase While there is a lot of uncertainty around the housing market in 2025, affordability still remains a top challenge for homebuyers – especially first-time home buyers who, according to a 2025 Bankrate survey, often cite the upfront costs of homeownership as the biggest barrier to homeownership. And a 2023 study […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Record Inflation Shrinks Housing Affordability, Worsens Racial Wealth Gaps
Homeownership, historically a reliable building block to family wealth, is more of a challenge today for first-time homebuyers. As of 2022’s first quarter, the median price of an existing single- family home grew to $368,200, according to the National Association of Realtors (NAR), 15.7 percent higher than a year ago. By Charlene Crowell NNPA Newswire […]
Three Key Steps For First-Time Home Buyers
For those considering home ownership for the first time, it may seem as if there’s a long list of details to tackle once the search begins. However, before potential buyers even start looking at homes, there are three important steps to take. The first step is getting your finances in order. Checking your credit rating […]
How to Save to Buy Your First Home
For many, the first step to buying a home is saving up for the down payment. It can feel like a difficult goal when you first start, even if you don’t plan to buy for years. Here are some tips to help you start saving and speed up the process: Determine your budget Knowing how […]